5472 6th Avenue

Los Angeles, CA 90043

$849,000
Price
4
Beds
2
Baths
1,956 Sq. Ft.
$434 / Sq. Ft.
1,956
Sq. Ft.
$434
per Sq. Ft.

Description

FANTASTIC INVESTMENT OPPORTUNITY Prime South LA Location | PARK HILLS HEIGHTS An incredible investment opportunity awaits with this duplex, ideally located in the thriving Park Hills Heights neighborhood. This property features an 1152 sqft, spacious 3 Bedroom, 1 Bath house unit along with a separate 804 sqft 1 Bedroom, 1 Bath unit over a 3-car garage offering versatility and income potential. Situated in an up-and-coming area with convenient access to the Metro and nearby shopping centers, this...FANTASTIC INVESTMENT OPPORTUNITY Prime South LA Location | PARK HILLS HEIGHTS An incredible investment opportunity awaits with this duplex, ideally located in the thriving Park Hills Heights neighborhood. This property features an 1152 sqft, spacious 3 Bedroom, 1 Bath house unit along with a separate 804 sqft 1 Bedroom, 1 Bath unit over a 3-car garage offering versatility and income potential. Situated in an up-and-coming area with convenient access to the Metro and nearby shopping centers, this is an attractive prospect for both tenants and future owners. Long-term Section 8 tenants provide a seamless transition for the new owner. The neighborhood reveals a sense of pride of ownership, creating a welcoming and desirable residential environment. Close to USC, DTLA, Expo Park, Leimert Park, West Adams, and Jefferson Park, with easy access to the 110 Freeway and Inglewood, this property offers unmatched convenience and accessibility. The front unit holds great potential for an owner-occupant seeking to offset their mortgage with rental income, making it an ideal scenario for various buyers. In addition to its prime location and income potential, this property benefits from the possible development of a charter school just one block away. This exciting prospect adds further value and appeal to the area, enhancing the overall desirability of the neighborhood for potential tenants and future property values. For astute investors seeking to expand their real estate portfolio or individuals looking to explore new income opportunities, this duplex presents a solid foundation for success. Don't miss out on this rare find in a prime location, offering the perfect combination of location, income potential, and future growth.

Property Details for 5472 6th Avenue

Zoning
LAR1
Style
Bungalow
Parcel Number
5006026020
Total Units
2.0
Living Area
1956
Source Living Area
Vendor Enhanced
Area
Park Hills Heights (PHHT)
Vacancy Rate
0

Location

Listing Courtesy of Compass, Nanci Isaacs, DRE #01940161
Add your commute
LISTING UPDATED: 05/18/2024 12:01 AM

Property Details for 5472 6th Avenue

StatusActive
MLS #24-390407
Days on Market11
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1919
Lot Size0.12 AC / 5,380 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Nanci Isaacs, DRE #01940161
Add your commute

Building Information for 5472 6th Avenue

Stories1Residences-Year Built1919Building Size-Lot Size0.12 AC / 5,380 SF

Payment Calculator

$5,287 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,633

Property Taxes

$654

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5472 6th Avenue

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 2
  • Type Of Units: 2
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $8,619
  • Net Operating Income: $27,361.00
  • Gross Income: $36,000
  • Gross Rent Multiplier: $16.00
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 2413
  • Water Expense: $1,500.00
  • Other Expense: $213.00
  • Gardener Expense: $700
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1235
  • Lot Size Square Feet: 5380
  • Lot Size Dimensions: 40x135
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Garage - 3 Car
  • Total Parking: 3
  • Parking Features: Garage - Three Door
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Ceiling Fan
  • Heating: Forced Air
  • Heating Type: Forced Air
  • Equipment: Other
  • Common Walls: Detached/No Common Walls
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-10-2024
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,900.00
  • Unit Actual Rent: $1,900.00
  • Unit Projected Rent: $3,150.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,100.00
  • Unit Actual Rent: $1,100.00
  • Unit Projected Rent: $2,600.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $124,848.00
  • Assessed Improvement Percent: 20.0
  • Assessed Land Value: $499,392.00
  • Assessed Land Percent: 80
  • Assessed Total Value: $624,240.00

Property History for 5472 6th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5472 6th Avenue

Taxable ValueLand$499,392Additions$124,848Total$624,240
Tax Record2023$7,842 ($654 / month)
Home Facts
Total Finished SqFt1,956 SqFtAbove Grade Finished SqFt1,956 SqFtLot Size5,380 SqFtStyleDuplexYear Built1919ZoningLAR1CountyLOS ANGELESAPN5006-026-020

Schools near 5472 6th Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Charter - K to 5
Charter - 6 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Alliance Ouchi-O'donovan 6-12 Complex
Charter6 to 12

Whitney Young Continuation School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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5472 6th Avenue is a multi-family home for sale in Los Angeles, CA 90043. This property was listed for sale on May 10, 2024 by Compass, it's currently listed at $849,000. It has been on the market for a total of 11 days and was last sold on October 13, 2020. This listing's school district is Los Angeles Unified School District. Nearby schools include View Park Preparatory Accelerated Charter School, Alliance Ouchi-O'donovan 6-12 Complex and Crenshaw Science, Technology, Engineering, Math And Medicine Magnet. 5472 6th Avenue is a 4-bed, 2-bath, 1,956 sqft multi-family home built in 1919.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Nanci Isaacs, DRE #01940161

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.